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Investors Chronicle Tips of the Week – Better sell Shell 

Extracts from article published 13 July 2020

Global corporate debt surged to a record $8.3 trillion (£6.6 trillion) in 2019, up 8.1 per cent year-on-year and the fastest increase in at least five years. The Janus Henderson Corporate Debt Index, which covers the largest 900 non-financials in the world, predicts the overall figure to rise by a further $1 trillion in 2020.

Companies in the US and the UK are among the most indebted in the world…

In the UK, debts hit a record $539bn in 2019, growing slightly faster than the global average. Vodafone (VOD) accounted for half of the growth as it funded its acquisition of Liberty Global (US:LBTYA), while Royal Dutch Shell (RDSB) also borrowed heavily to support its $15bn dividend. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

From Covid-19 to climate: what’s next after the global oil and gas industry crash?

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping: Extracts from above headlined article published in Oil & Companies News 13/07/2020

The global oil and gas industry has crashed. In mid-June, BP – formerly British Petroleum – slashed the value of its assets by US$17.5bn and revealed plans to cut its workforce by 15%. It forecast the price of oil would be a third lower than expected for decades to come and said it may be forced to leave new fossil fuel discoveries in the ground. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Virus crisis threatens to set back oil platform decommissioning

Virus crisis threatens to set back oil platform decommissioning

By Benoît PELEGRIN: July 12, 2020:

Oil companies are being forced to cut spending due to a fall in global oil prices, threatening funds earmarked to dismantle dated off-shore rigs, despite environmental risks.

A drastic drop in revenue caused by the coronavirus outbreak has seen majors such as Total, Royal Dutch Shell and BP having to cut or defer expenditure by billions of dollars.

Decommissioning platforms is not “one of their top priorities”, according to Sonya Boodoo, an analyst at Rystad Energy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

‘Divest or we escalate’, Extinction Rebellion warns University of Cambridge

‘Divest or we escalate’, Extinction Rebellion warns University of Cambridge

 By Mike Scialom: [email protected]: Published: 00:01, 12 July 2020

Extinction Rebellion is ready for an extensive campaign next month to encourage the University of Cambridge to divest fully from investments in fossil fuel companies.

Extinction Rebellion Cambridge (XRC) and Extinction Rebellion Youth Cambridge (XRYC) are “beginning their campaign by delivering their demands to the university and the non-divested colleges”.

The activist group add that “if divestment isn’t announced by the end of July”, they “will begin an escalating campaign of non-violent direct action until it is”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

US Sanctions threat to Shell over Nord Stream 2 

Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

BY  July 10, 2020

Russia will likely complete by next year the undersea Nord Stream 2 (NS2) natural gas pipeline to Germany despite ongoing U.S. efforts to scuttle the $11 billion project, analysts said.

The start-up of the 5.3 Bcf/d NS2 could curb a potential recovery of U.S. LNG exports even if the Covid-19 pandemic recedes next year, said BTU Analytics LLC energy analyst Connor McLean.

“If Nord Stream 2 comes online as expected, the influx of supply into Europe could place further pressure on a U.S. LNG recovery in 2021,” McLean said in a recent post on the firm’s website.

To combat the Russian plan, Sens. Ted Cruz (R-TX), Jeanne Shaheen (D-NH), John Barrasso (R-WY), Tom Cotton (R-AR) and Ron Johnson (R-WI) introduced a bill to sanction any entity that aids in completion of the line. That could include companies that have extensive operations in the U.S., such as Royal Dutch Shell plc, Total SA, Engie and OMV, which have stakes in parts of NS2, and Norwegian maritime classification society DNV. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell sends top HR man to Prelude in the hope of quelling mutiny

Shell sends top HR man to Prelude

09 JULY 2020

SHELL Australia’s top human resources man Adam Ralph has been aboard the Prelude floating LNG vessel some time in an attempt to quell ongoing dissatisfaction, and promising cultural change, Energy News has been told. 

Mechanical and safety issues have exacerbated what some have long called a ‘dysfunctional’ work environment and safety concerns saw production stop and half the staff depart in February.

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Prelude in Stormy Weather Again

If the unions are correct and Shell did intervene in negotiations, those actions would be considered unlawful. 

Shell has refuted the accusations. Shell upholds the highest standards of business ethics and complies with our legal obligations. In everything we do we act fairly, honestly and transparently,” a Shell spokesperson told Energy News this morning. 

Unions threaten strike at Australian offshore platforms

Paul Hunt: Senior Journalist: Oil & Gas, Policy.

09 JULY 2020: UNION MEMBERS will vote on whether or not to conduct strikes across Australian offshore platforms next week, as a brawl over workers rights with contractor Sodexo heats up.

Sources, speaking exclusively to Energy News, said the unions expected to receive a Protected Action Ballot Order from the Fair Work Commission imminently. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell loyalty scheme ad deemed misleading

Shell loyalty scheme ad deemed misleading

News Writer , Essential Retail: Email Ben | Follow @BSillitoe

Energy company Shell has been issued with a warning by the Advertising Standards Authority (ASA) about broadcasting misleading ads.

A radio advert heard in January 2020 relating to the Shell Go+ loyalty scheme must not appear again in the same form, and Shell UK was told it must make it clear claims of carbon offsetting were contingent on membership of a loyalty scheme. Some 17 complainants challenged the ad commentary, “Drive carbon-neutral by filling up and using Shell Go+ today. Make the change. Drive carbon-neutral”.

Shell Go+ is a loyalty scheme to which consumers are required to sign-up and then show their membership card when they make a purchase. In those circumstances the carbon emissions related to that fuel purchase are offset by Shell, but the ASA said there was nothing in the ad suggesting the commentary was related to a loyalty scheme. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OPL 245: looks like a bribe, smells like a bribe, had the effect of a bribe

Shell Blog Latest on Wed, 05:43 pm 08 July 2020

Bogus Group: Geert Vermeulen (Ethics & Compliance Officer) posted an article on Linkedin about the Shell OPL 45 debacle and all that surrounds it. This was a response to the article by Adam Bennett:

Geert, very easy to pass judgments without knowing full facts and in hindsight. Having previously led the business integrity department at Shell I can tell you things in Nigeria are never that clear cut. One thing I remain certain of is the moral compass of shells leadership.

Can’t be the same moral compass most of us are certain of. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Big Oil’s Investment Risk Is Spiking

Big Oil’s Investment Risk Is Spiking

By David Messler – Jul 07, 2020, 5:00 PM CDT

The major integrated oil companies: Shell,(NYSE:RDS.A, RDS.B); ExxonMobil, (NYSE:XOM); BP, (NYSE:BP); Chevron, (NYSE:CVX), and a few others, so named for their vertical stewardship of the hydrocarbon molecule from initial extraction to final refining, have come under increasingly accurate fire from climate change advocates. In the past organizations like Greenpeace and a host of other conservation organizations, have used direct measures to interdict oil company operations. Measures that were flashy, as they drew a lot of attention from the global press, but over the long haul did little to achieve their goals of stopping oil and gas exploration. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Virus crisis threatens to set back oil platform decommissioning

Virus crisis threatens to set back oil platform decommissioning

London (AFP) – Oil companies are being forced to cut spending due to a fall in global oil prices, threatening funds earmarked to dismantle dated off-shore rigs, despite environmental risks.

A drastic drop in revenue caused by the coronavirus outbreak has seen majors such as Total, Royal Dutch Shell and BP having to cut or defer expenditure by billions of dollars.

Decommissioning platforms is not “one of their top priorities”, according to Sonya Boodoo, an analyst at Rystad Energy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Remainers proved wrong as Shell boss hints at switching HQ from Netherlands to London

Remainers proved wrong as Shell boss hints at switching HQ from Netherlands to London

OIL giant Royal Dutch Shell could relocate its headquarters from the Netherlands to the UK in a post-Brexit boost for the country.

By JOE BARNES, BRUSSELS CORRESPONDENT   Ben van Beurden, Shell’s chief executive, hinted the company is seeking to simplify its complex capital structures. The potential move would be considered a significant victory for Britain in the months after quitting the European Union. Just last month Unilever, the Anglo-Dutch consumer goods group, revealed it would merge its British and Dutch holding companies into one based in London.

Asked whether Shell could replicate Unilever, Mr van Beurden told Dutch newspaper Het Financieele Dagblad: “One always needs to keep thinking.

“Nothing is permanent and, of course, we take the investment climate into account.

“But moving your HQ is not a trivial measure, one should not be too easy about that.”

The oil giant is one of the largest listed companies in the UK, with a market capitalisation of £100 billion and more than 80,000 employees around the world. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil Giant Considers Drastic Move As Pandemic Persists

Oil Giant Considers Drastic Move As Pandemic Persists

By Charles Kennedy – Jul 06, 2020, 12:00 PM CDT

Anglo-Dutch oil major Shell is not ruling out the possibility of moving its headquarters to the UK, the group’s chief executive Ben van Beurden told Dutch business newspaper Het Financieele Dagblad in an interview published over the weekend.

The move could offer Shell relief from the Netherlands ‘ dividend tax, which has now become taxing amid the low oil price environment and the pandemic. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

SHELL CEO: I don’t want to survive this pandemic with a company that is no longer capable of anything

English translation of an article published today by the FD.

“I don’t want to survive this pandemic with a company that is no longer capable of anything”

Bert van Dijk

The corona crisis is forcing Shell to restructure the company. At the same time, CEO Ben van Beurden must chart the course for a low-carbon future. What choices does he make and why can’t things go a bit faster? “We cannot organize ourselves anti-economically. We don’t have that mandate.”

Ceo Ben van Beurden leads Shell from home during the corona crisis. ‘The good thing about this period is that you can help with homework.’ Photo: David van Dam for FD

In brief

  • Shell CEO Ben van Beurden has to guide the oil and gas multinational through various storms.
  • In a long conversation with the FD, he explains why he couldn’t help but decrease the dividend.
  • He also outlines the dilemma of developing new revenue models, while the old revenue model cannot be immediately discarded.

Last week, Shell CEO Ben van Beurden reduced the value of Shell’s assets by nearly $ 20 billion last week. The massive write-off is necessary because the corona pandemic has hit the global demand for oil and gas heavily and uncertainty about the future has increased. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell is considering moving its head office

English translation of an article published 4 July 220 by the FD: Bert van Dijk

Shell is considering moving its head office

It is uncertain whether Shell wants to keep its headquarters in the Netherlands, now that a controversial plan by the cabinet to abolish dividend tax has been definitively off the table. That says Shell CEO Ben van Beurden in an interview with the FD.

The energy giant is a British company, but has its headquarters in The Hague. Shell chose this construction on the assumption that dividend tax would be abolished, says Van Beurden. In October 2018, the government withdrew this intention after public pressure. As a result, Shell looks at its current British-Dutch structure with different eyes, according to the CEO. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

All parties involved in OPL 245 deal were corrupt, says Italian prosecutor

02 JULY 2020

Sergio Spadaro, the Italian deputy prosecutor, on Thursday told a Milan court prosecuting Shell and Eni over the OPL 245/Malabu affair that all parties involved in the deal were corrupt.

He said President Goodluck Jonathan, who led Nigeria from 2010 to 2015, Dan Etete, who allocated OPL 245 to Malabu Oil and Gas — a company in which he had interest as minister of petroleum — in 1998 and Diezani Alison-Madueke, who was minister of petroleum when the oil block was sold to Shell and Eni by Malabu in 2011, all had long-standing relationships. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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